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Old 03-05-2010, 06:37 PM
 
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http://www.nytimes.com/2009/02/06/wo....19983822.html
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Old 03-05-2010, 06:55 PM
 
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Pulls up a chair and hits the subscribe button.
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Old 03-05-2010, 07:02 PM
 
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In some ways the 2000s already were a lost decade. I think the 20teens will be much worse.
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Old 03-05-2010, 07:16 PM
 
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Ah, we already did.
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Old 03-05-2010, 07:31 PM
 
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I believe the worst is yet to come kovert.
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Old 03-05-2010, 07:33 PM
 
Location: Texas
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Quote:
Originally Posted by pommysmommy View Post
I believe the worst is yet to come kovert.
I agree. I think within 60 days things will look a lot different.
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Old 03-05-2010, 07:33 PM
 
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Great article.

"He said the United States appeared to be striking a better balance by investing in new energy and information-technology infrastructure as well as replacing aging infrastructure.

Japan's experience also seems to argue for spending heavily to promote social development.

In hindsight, Japan should have built public works that address the problems it faces today, like aging, energy and food sources," said Takehiko Hobo, a professor emeritus of public finance at Shimane University in Matsue, the main city of Shimane."


And I very much agree with its contents.

"The productivity began with the stimulus package, which was far more than an injection of $787 billion in government spending to jump-start the ailing economy. More than one-third of it -- $288 billion -- came in the form of tax cuts, making it one of the largest tax cuts in history, with sizable credits for energy conservation and renewable-energy production as well as home-buying and college tuition. The stimulus also promised $19 billion for the critical policy arena of health-information technology, and more than $1 billion to advance research on the effectiveness of health-care treatments.

Education Secretary Arne Duncan has leveraged some of the stimulus money to encourage wide-ranging reform in school districts across the country. There were also massive investments in green technologies, clean water and a smart grid for electricity, while the $70 billion or more in energy and environmental programs was perhaps the most ambitious advancement in these areas in modern times. As a bonus, more than $7 billion was allotted to expand broadband and wireless Internet access, a step toward the goal of universal access.
Any Congress that passed all these items separately would be considered enormously productive. Instead, this Congress did it in one bill.”
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Old 03-05-2010, 07:38 PM
 
Location: Texas
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wonder when the fall out will hit the fan?

Recession Continues to Batter State Budgets; State Responses Could Slow Recovery — Center on Budget and Policy Priorities
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Old 03-05-2010, 07:49 PM
 
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Originally Posted by pommysmommy View Post
I believe the worst is yet to come kovert.
pommy, do you want to be part of the solution, do you want to have a better future for you, your children and grandchildren?

Then investigate people that have viable solutions.

One good start would be to google Elizabeth Warren.
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Old 03-05-2010, 08:10 PM
 
Location: Sinking in the Great Salt Lake
13,143 posts, read 19,207,122 times
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Default Will the United States have a lost decade like Japan?

If we are very, very lucky.
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